After the Close Review of Thursday’s market action…INDU, IWM, DIA, SPY, QQQ, JPM, BA, CAT,
HD, V, NVDA, SBUX, STX, X, SQ, AAL, DAL, UAL, LUV, ALK and setups …8:57 pm PST
Strong buying into the close sent the broad indices into new all-time closing
highs. The DJIA closed at 25,574 a new all-time high and its sixth close above 25,000.
Record highs: BA, CAT, CSCO, CVX, HD, JNJ, JPM,
UTX, V, AAL, ADBE, AMZN, ATVI, CMCSA, CTAS, DLTR, FISV, JBHT, MAR, MELI, NFLX, NVDA,
PCAR, PYPL, ROST, TXN
Seven sectors were higher on Thursday, led by energy XLE +2.05% and
discretionary XLY +1.63%.
SPY up 2.00 at 276.12 on 62.3 million shares, 25% below average volume. Up
on lower volume.
VIX up .06 at 9.88
Oil up .05 to 63.55
TLT up .51 at 124.31…on
12.5 million shares, 21% above average volume. Up on lower volume.
CVX +3.04% and BA +2.45%, led
the DJIA, 26 advancers.
FOSL +7.03%, VIAB
+5.66%, and
APC +5.58%, led the SPX.
MYL +5.23%, AAL
+4.91, LBTYA +4.84%,
STX +4.11%, and CMCSA +3.67%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM, DIA, SPY, QQQ,
Down:
Breadth strengthened
on Thursday, as advancers led 2,265 to 665 on the NYSE and led 2,232 to 697 on the
NASDAQ.
The SPY MFC green
line is in the
upper zone at 97, bullish.
Uptrend
sectors: XLB,
XLE, XLY, XLI, XLF, XLP, XLK, XLV,
Neutral
sectors: XLRE,
Down
trend sectors: XLU,
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past month and it is appropriate to wait for the uptrend
to resume before considering entry… CAT, MAR, V, BA, CBOE, IBKR, NVDA,
ISRG, TRU, VRSN, WYN, MCD, WYNN, ANET, CDNS, AA, TAL, EDU, FCAU, ADBE, PYPL,
LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, RNG, WUBA, CCL, RCL, SHOP,
ATVI, SQ, RACE, ALGN,
73 of 100 NDX stocks closed
higher on Thursday.
85
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
COST, DISH, HAS,
Moving Below 30 DMA = 2
INCY, VOD,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
Add Comments here
3 comments:
Add RNG to your New High List... 1 Year it up 129.33%
Den A...you might have noticed RNG has been our intermediate term trend stock list for a long time...we don't list all new highs just some of the heavily institutionally traded stocks that trade heavy options volume...RNG is a lighter dollar volume stock with relatively light options volume that has a great trend, therefore listed in our intermediate term trend stock list...thanks for the input...Dave
Thank you Dave.
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